INFORMATIONAL MESSAGE
Pension savings of Kazakhstanis increased by more than 853 billion tenge over the year
Key indicators of the UAPF as of August 1
As of August 1, 2022, pension savings in the amount of 13.7 trillion tenge were formed on the accounts of depositors of the Unified Accumulative Pension Fund. Over the year, the amount increased by 853.7 billion tenge or 6.7%.
The main amount of pension savings was formed at the expense of mandatory pension contributions (OPV) and amounted to 13.3 trillion tenge. The amount of pension savings on mandatory professional pension contributions (OPP) amounted to 404.6 billion tenge, the amount of pension savings on voluntary pension contributions (DPV) amounted to about 2.9 billion tenge.
Incoming flows, in particular, contributions continue to increase this year. For seven months of 2022, pension contributions totaling about 952.4 billion tenge were received to depositors' accounts, which exceeded the indicator for the same period of 2021 by 29% or 211.6 billion tenge. It should be noted that the growth occurred for all types of contributions. Of the total contributions, 95.3% are receipts to the UAPF for the OPV – 907.4 billion tenge (an increase of 28% over the past 12 months), 43.6 billion tenge (an increase of 37%) were received for the OPV. 1.5 billion tenge (an increase of 293%) was transferred for the DPV.
A significant increase in pension savings was provided due to net investment income, which from January 1 to August 1, 2022 amounted to about 501.1 billion tenge.
The number of individual pension accounts in the UAPF as of August 1, 2022 amounted to 12.0 million units. The largest number of accounts have been opened for mandatory pension contributions (OPV) – 10,889,461 units. The number of accounts formed at the expense of the OPPV is 577,104 units, the IPS for the accounting of the DPV is 342,988 units.
Since the beginning of the year, the UAPF has paid over 1 trillion tenge. Most of the payments were one-time pension payments (EPO) for improving housing conditions and treatment - 858.0 billion tenge. Age payments amounted to 64.2 billion tenge, inheritance payments - 38.4 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan - 29.5 billion tenge, about 15.4 billion tenge were transferred to insurance organizations, burial payments - 3.2 billion tenge and disability payments - 1.4 billion tenge.
It is worth noting that the amount of the average monthly payment according to the schedule from the UAPF (due to reaching retirement age) it amounted to 29,812 tenge, and the maximum amount of monthly payment was 707,326 tenge.
Video commentary on the topic is available on the YouTube channel of the BZHZK ENPF at the link.
UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz )